Working Capital:$34.0M
Management and Directors: 7%Institutions: 27%Major Institutional Holders: Macquarie, Pinetree, Baker Steele, Sun Valley, AGF, Front Street, Sprott, RBIM
June Financing: $25.0M, at market with no warrants. Led by Casimir Capital. Syndicate: Byron Capital Markets, Paradigm, National Bank Financial and Macquarie
Analyst Coverage
Byron Capital Markets: Brian Szetobszeto@byroncapitalmarkets.com647.426.167 Paradigm Capital: Jon Casejcase@paradigmcap.com416.363.9567 Casimir Capital: Steven Willisswillis@casimircapital.ca416.628.3772
Project timeline:
45,000 metre in-fill and resource expansion drilling through July 2011, consistent news flow
Update resource and PEA late summer 2011 with the goal of increasing resources and lowering costs
Initiate project wide drilling and exploration, July 2011
Full feasibility Q1 2012
Prodigy Gold Principal Value Drivers:--Strong Magino project economics: NPV, Payback, IRR--Simple geology, metallurgy, major gold producing region--Brownfield location in stable environment: CANADA
Upside Value Drivers:--Good potential to substantially increase resource within proposed pit: higher production rate and longer mine life--PEA update: Fine-tune process flow sheet to lower cost and increase production--Exploration along strike and at depth can fuel future resource expansion--Acquisition opportunities accelerate growth
Prodigy Value Proposition:Enterprise Value per resource ounce: Prodigy Gold is undervaluedIndustry Average: $161 EV/oz. Prodigy Gold: $42 EV/oz.
http://www.prodigygold.com/investors/